2021 Silver proof set, priced at..... $105.00????

Discussion in 'Coin Chat' started by John Burgess, Mar 25, 2021.

  1. Chris Winkler

    Chris Winkler Well-Known Member

    You should be able to call them to fix the issue. Good luck!
     
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  3. whopper64

    whopper64 Well-Known Member

    I agree, as of this date the Washington Crossing the Delaware may be the only issue, since supposedly the U.S. Mint is planning a nutty new reverse (by State) for 2022.
     
    Beardigger likes this.
  4. Beardigger

    Beardigger Well-Known Member

    The WCD is the new standard reverse of the US Quarter. no more Eagle Backs, but the mint plans going with the important women reverse next year, and after that Youth Sports reverse. Thus making the 2021 WCD quarter a one of a kind reverse for probably the next 10 years. They also reverted to the original Washington Obverse (vs Spaghetti hair obverse) and moved the date back to the front for the first time in 20 years. I have not seen the proposed design for the important women quarter so I have no idea if the date will be on the obverse or reverse or which GW they will use.
    They have not offered rolls or bags of them on their site, making the S Proof and Silver Proof the only S mint marks of this available.
    I would guess the circulation mintage will be in the 400 million range, based on seeing solid rolls of them becoming easily found. I have about 6 BWR of them set aside, and will continue to hold onto them until the numbers come in.
     
  5. whopper64

    whopper64 Well-Known Member

    I apologize for the "nutty reverse" remark, didn't realize it was for important women, thought it might be another innovation type reverse already on the dollars. You are right about the one-time reverse for approx. 10 years.
     
  6. baseball21

    baseball21 Well-Known Member

    They don’t have a choice with the law that’s making them. They had planned to have the crossing the Delaware but unfortunately it’s not their decision.
     
  7. Beardigger

    Beardigger Well-Known Member

    I'm banking on not being wrong about it, but if you remember the Bicentennial Quarter was a one time reverse too, and that's not worth what people hoped they would be by now.
     
  8. -jeffB

    -jeffB Greshams LEO Supporter

    Well, it was one-time, but that one time was two years long. That led to mintages that were quite high.
     
  9. baseball21

    baseball21 Well-Known Member

    Quite high is an understatement
     
  10. -jeffB

    -jeffB Greshams LEO Supporter

    That's what I thought, but there were mintages earlier in the decade much more than half that (about 800 million each for P&D), and higher still in the years immediately following.
     
  11. baseball21

    baseball21 Well-Known Member

    Might want to check that again. 74 was about the same but without the different mint marks so still half of it. It was over a decade with the 89-D that exceeded one of them. It then was in the mid 90s when that happened again for a new highest.

    More importantly though being different for a short time like that the just got hoarded but yea at the time they were a dominate monster numbers wise
     
  12. Roughwater

    Roughwater Member

    On this subject, I'm going to buy the 107 dollar mint set if I can. I'm a older guy but new to any real collecting. I had a few coins prior but most I had were found Metal detecting. I just started semi serious collecting a few months ago. My short term view is that it's usually best to buy stuff from the mint if you can. That's a general statement though and don't apply to every mint product for sure. I say it because I'm trying to buy or have already bought a few rarer newer coins now that I'm sure would have been less expensive through the mint than what I'm ending up paying for them now. Like the 2005 S proof Buffalo nickels. Or the 2020 W V75 Silver Eagles. The V75 Eagles are going for 300+ and up. I'm sure the Mint sold them for much less. Thing is I'm thinking due to the small mint number the price of them will likely never go down from 300+ dollars they sell for now, only up. So my only option to my knowledge anyway is to buy one soon at the present 375 or so going rate. I'm thinking in 5 years they could cost much more. I'll also buy a 2021 silver mint set directly from the mint if the opportunity comes up. Originally I was mostly just interested in older coins but I got to looking at the newer one's, especially the few newer coins with lower mintage and started to realize If I don't grab some of them while they are cheap directly from the mint I'll be paying a lot more for them later. Also there is more of an opportunity to make a few bucks by buying more than I need and selling later. But I'm talking about items with low mint numbers only. I'm not in it to make a profit but if I make a little money It can help offset this habit. I'm still trying of course to also put together a collection of Indian head pennies. I had probably found some 15 or 20 with a detector years ago but I didn't find any of the rarer one's. I just bought a 1909 S AU which set me back and a nice Bronze AU to UNC 1864 and I've picked up a few others. I'm getting a Buffalo nickel collection together slowly too and I have a few Eagles and Morgans. Not many. Also a wheat and more modern penny collection but it has a long way to go. I also bought some 2 and 3 cent coins and of course I had to buy a English Coventry 1790 something Lady Gadiva 1/2 cent but my foreign coins will be few. I figured also I best latch on to some of the State Park W coins before they all are hoarded. It's been fun but pretty expensive for my meager budget but I'm kinda picky. I think also about the mint set that's already been mentioned, the WCD Proof Quarter might just make that set worth it. I think new folks coming into this often will think like me as well. But I'm new so I could be dead wrong too. Time will tell.
    1909S Indian head penny Obverse1.jpg 1909S Reverse indian penny11 (1).jpg
     
  13. John Burgess

    John Burgess Well-Known Member

    The WCD design is a one year design and here's why. They are doing the women design next, then the sports, then it's 2026 and they are doing the semisequentennial (sic) and then a new design that follows picked by the CCAC or whatever ( too many complicated words nowadays)

    Anyways they have plans that make the WCD quarter just a single year, this year, and then they get busy again making coins through 2026 and then redesign to something else, not return to WCD.

    As I understand it the WCD is a continuation of the 1965-1998 set due to the placement of devices on the obverse like date and motto. I guess sort of like the bicentennial and I guess a commerative reverse.... something like that.

    Still though will anyone even care that much? It doesn't seem like it.

    I like these programs like state quarters and national parks because it creates variety to collect. However I'm not a fan of 10 year long series. It's too much. 20 years I've spent on the quarters. 20 years.... yeah I'd be doing it anyways, but still I'd like to know I can start something that I can finish before I die with series and I'm not so sure now that I'm older if they kept do 10 year runs I could make it. Lol, kind of glad they are moving to some shorter series now.

    I dunno that silver proof set still looks like a loser to me. I think the two coin silver eagle reverse proof set coming up here next month is the big winner and $70 more than the silver proof set but its 2 full oz of silver and its eagles. Hard to argue with the track record, theres not many losers in silver eagles... maybe not all big winners..

    So hard to justify $105 for $1.10 face value of silver. I can't do it and I suspect many others can't either.

    Maybe the pricing is better, or better value for the limited edition silver proof set this year?
     
  14. John Burgess

    John Burgess Well-Known Member

    I know this is older but I just caught it. The S mint mark rolls were circulation finish. If they aren't making them as WCD then the proof and silver proof won't be a substitute, its a completely different finish. And they didn't make the S circulation finish to sell in rolls and bags because the WCD isn't an America the Beautiful quarter the S rolls were started mid ATB and I guess they ended it with ATB end. One thing is for sure it shouldn't affect the Proof S's unless people collected the Proof S's.

    I always disliked the S circulation finish quarters because it was destined to be an incomplete series since they didn't start it from 2010. They did it in 2012 as a sort of celebration of the sanfrancisco mint, they sold them out that year so they continued it. It ended with the last ATB quarter Tuskeegee Airmen. I think they shouldn't have done it in 2012 or carried it on. I could probably have lived with it as a 1 year thing but as an incomplete series it just vexes me.
     
    Last edited: Aug 28, 2021
  15. -jeffB

    -jeffB Greshams LEO Supporter

    upload_2021-8-28_10-41-26.png

    I was unclear in my wording. A mintage of 800 million across two years is equivalent to a mintage of 400 million per year. That's not at all out of line with the rest of the decade's mintages. (But none of them top the mint-mark-free total mintage from 1965.)
     
  16. Vess1

    Vess1 CT SP VIP Supporter

    This is the thinking that creates rarities. ;) I bought a set because I liked the quarters.

    That being said, I remember in the 2000s when the 1999-S silver set was going for $300 because it was going to be the lowest mintage at 800k+. Today you can buy them for $60 to $70 a set all day long. I'm looking at buying one just because I passed on them when they were $300 years ago.

    I think the 2021 set will have a much smaller mintage than this though and nobody's buying it because it's too expensive. Also many are getting broken up chasing 70s. As of 8/22/21 they show sales of 222,592 silver proof sets so far.

    Edit: Don't expect the limited edition set to be a "deal" . lol Will probably have two ASEs with a huge markup for the packaging.
     
    John Burgess likes this.
  17. Jim Dale

    Jim Dale Well-Known Member

    That sounds well and good, but have you tried to have them fix something? I tried the online site and after I told her the problem, I was told she had closed the old account. Three months later, I was still getting duplicate purchases, so I tried the telephone, I was told that the account had been closed and everything has been fixed. Another couple of months, I again got duplicates. I know I could return them to them, but the good thing is, although the price has been jacked up on somethings, I did get duplicates of things I really like, like the ASEs. I wish they could have done it with the new Morgans.
     
  18. cplradar

    cplradar Talmud Chuchum


    FWIW - this kind of diberation doesn't seem much fun. That would be reason alone not to buy from the mint. OTOH, if you do it for a living... there are worst things one can do.
     
  19. baseball21

    baseball21 Well-Known Member

    It's not out of line per year, but when they have the same date you get the end result of having 2x the normal amount for something that is already being hoarded for being different
     
    -jeffB likes this.
  20. John Burgess

    John Burgess Well-Known Member

    Yeah. I'm aware the limited edition set might be expensive. But it might be a better value if it has two silver eagles and then the silver proofs of the silver proof set. It always had a bigger markup however it might be the better buy and decide not to juice it so, so bad due to the extra silver eagle pushing the price up. Just have to wait and see what they do on that.

    I needed to end my collecting of silver proof sets anyways, they just kept pushing the prices up and up. I still think the 2019 or 2020 silver proof set is a better buy than the 2021 I can't imagine any scenario short of them selling almost no silver proof sets for 2021 that makes it rare enough to be worth waht they are charging for it.

    Again though I'll have to wait and see. And if I'm wrong and miss out so be it. I do need the 2021 silver proof set for the tuskeegee. I can live without the WCD really but it sucks I won't have all the parks quarters if for some reason it becomes unaffordable down the road. Oh well also.
     
  21. Roughwater

    Roughwater Member

    OK, I thought I had purchased the 2020 Silver proof set but I just checked it and it is actually the 2021 Silver proof set. After just looking at it close for the first time, it was like WOW! It's one beautiful set! The coins are all actually stunning! True mirror finishes and Deep Cameo. I am kinda new to this but I own some PF and MS 70 modern Eagles and these coins are just as nice from a eye appeal point of view if not better. If I sent these for in for grading I would be surprised if they didn't come back as 70's. Anyway after looking at them close I definitely feel like I got my money's worth. The 2 Quarters are beautiful too and so perfect looking! Even the penny glows. Thinking I had purchased the 2020 set I just enrolled again apparently for this set and if I accidentally ordered it again after seeing this set I'm fine with that. I think I have a couple Eagles on back order but I saw at the mint they aren't accepting any new enrollments right now for Eagles.

    But this post is about the 2021 Silver mint set and again as I mentioned, after seeing it in person I definitely am good with the 105 price tag. For what it's worth I also went ahead and did a enrollment for the Clad proof set at 30 some dollars. Compared to what I'm paying for old copper pennies etc 32 feels like a bargain.
     
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